It's for my little brother. I'd give him a Dave Ramsey book, but he's awesome at saving...he just put himself through college without a single loan.
Thanks for nothing, Bub.
Where's MnD when you need him?
I am reading "the Wealthy Barber" and I have really enjoyed it so far....if it helps I am 27 yrs old.
He's exactly your age, so it does help a lot.
But, like I said, he's good at making and not spending money. He just needs more information on how to invest it. Like, it's fine to say "put it in an IRA", but he needs to know what kind of IRA, how to pick funds and stocks, etc.
I hesitate to recommend a book I have not read....however...I had been looking at some titles on Amazon and after looking over the Table of Contents and some excerpts, I think this might be one for you to consider:
Saving for Retirement without Living Like a Pauper or Winning the Lottery (Paperback)
I will also mention that I have worked in the field, with particular attention to retirement savings and mutual funds and this book seems to address a great deal of issues around those matters. It looks like a good primer to introduce the different investment options out there - IRA / Roth IRA / 401(k) / etc. It's a good idea to familarize yourself with what a mutual fund is and what types of options are available...but I believe it is also very important (and often overlooked) to learn about how to build a relationship with a good financial adviser, which will prove a huge asset in making decisions. Keyword: a GOOD financial adviser. The book addresses this as well.
My husband just downloaded two books in MP3 format and put them on a player for his little bro for X-mas:
The Idiot's Guide to Investing
One Up On Wall Street
John Bogle of Vanguard fame wrote something called "The Best Little Investment Book" or close to it. It was critcially acclaimed.
You could always try Ben Graham's classic, "The Intelligent Investor." Kind of obtuse, but if he's a diehard, he'll like it...